Hong Kong stocks rose for a second day after China’s central bank cut the amount of money commercial lenders must set aside as reserves. Photo: EPA-EFE Hong Kong stocks rose for a second day after China’s central bank cut the amount of money commercial lenders must set aside as reserves. Photo: EPA-EFE
Hong Kong stocks rose for a second day after China’s central bank cut the amount of money commercial lenders must set aside as reserves. Photo: EPA-EFE

Hotpot chain Haidilao, carmaker BYD lead stocks higher as China’s central bank cuts banks’ reserve ratios to boost recovery from pandemic

  • The Hang Seng Index advanced 0.6 per cent to 27,515.24 in Monday trading
  • The cut in the reserve requirement ratio will unleash about 1 trillion yuan (US$154 billion) into the financial system, the PBOC said

Topic |   Hong Kong stock market
Hong Kong stocks rose for a second day after China’s central bank cut the amount of money commercial lenders must set aside as reserves. Photo: EPA-EFE Hong Kong stocks rose for a second day after China’s central bank cut the amount of money commercial lenders must set aside as reserves. Photo: EPA-EFE
Hong Kong stocks rose for a second day after China’s central bank cut the amount of money commercial lenders must set aside as reserves. Photo: EPA-EFE
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